If the value of imports for the current year is $3 billion and the value of exports is $8 billion, what effect will this have on the country’s trade balance? a. there will be a trade deficit. b. there will be no effect. c. there will be a trade surplus. d. the trade deficit will increase. #plato

There will be a trade surplus of 5 billion dollars (since the country is exporting the equivalent of 5b dollars more than it imports).

A trade surplus is basically the difference between the export and import amount. Note that it only refers to cases where exports exceede the import amount. In other words, it is the countriestrade profit.

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greenland

c tundra

iceland is grassland

president jefferson protested this interference in american trade. he sent james monroe to london to negotiate a treaty. jefferson wanted britain to stop taking sailors from american ships, and to stop interfering in the trade of neutral nations. monroe tried many times to discuss such an agreement. but the british foreign minister was always too busy to see him.

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